XJO 1.19% 7,831.8 s&p/asx 200

hot copper, page-77

  1. 180 Posts.
    BlingMaster,

    Lucky or not you did well it takes guts to hold on. I didn't trade that scenario very well. Next time.

    I've made the most money on long holds but also made good trades on shorting the indexes and holding for 3 - 5 days.
    My mindset has been very bearish ever since April so I've been struggling holding my longs more than a day and therefor taking profit to early.

    The more I trade. The more I find that psychology plays a very big part.
    Trading had made me realise a whole heap of things about myself and my life I didn't realise before. Trade and discover yourself :)
    I find I'm reading all these psychology books.
    I can recommend "The Daily Trading Coach" if you want to research your mind.

    Stop losses are tricky they can also cost you a lot of money if you don't set them correctly. Learning about volatility has been the key to get them better.

    I agree with you there, Going on the XJO thread has been a very important thing in my development as a trader. I'm learning a lot everyday here. It has opened my eyes to a whole heap of facinating trading ideas and styles.
    Its also good for a laugh too with all the characters here :)

    I will become a good trader. I'm still learning but I feel I'm heading in the right direction. 10000 Hours to be an expert at anything. I still got a long way to go. I'm really enjoying ride even with the downs and ups. So I'm riding this baby to the end :)




 
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